It is a fact that consumer bankruptcies have a high rate of legal malpractice.
While the number of standard legal malpractice claims have remained steady, awards are getting bigger.
Congressional sources told AP that the speaker has retained legal malpractice attorney Randy Evans of Atlanta.
Wasserman has a thriving practice supplying expert testimony in legal malpractice cases and teaches a popular class on the subject at Hofstra University School of Law.
It's one of three states that routinely allow plaintiffs in a legal malpractice case to hire expert witnesses to testify about what a disappointed plaintiff could have won.
Suits against lawyers by nonclients, once practically unknown, now account for 10% to 15% of new claims against big law firms, said Lawrence Zabinski of Attorneys' Liability Assurance Society, at an American Bar Association meeting on legal malpractice in April.
"It's beyond me why Bingham wanted to put all this on a public stage in the first place, and then to lose in such a resounding and predictable fashion, it just looks even worse, " said Charles Kazarian, a legal-malpractice lawyer in Boston.
Yes, there are legitimate domestic asset-protection schemes (see box, p. 60) to fend off ruinous legal awards against doctors hit by medical malpractice claims, executives by shareholder suits, spouses by divorce.
While less than 5 percent of all medical errors lead to a malpractice claim, lengthy claims prolong the legal process, and in some cases, delay what may be just and fair compensation.
Bingham, which employs about 1, 000 lawyers around the world and has developed in recent years one of the legal industry's more recognizable brands, owns malpractice insurance that likely will cover the cost of any settlement, or judgment in the case of litigation.
Whether he was facing a civil malpractice trial or a criminal trial, his legal expenses related to his trade or business.
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And medical-malpractice lawyers have built some of the most lucrative legal practices in the U.S.--even in the face of laws trying to limit their fees (see " Moore's Law").
The amount and length of time it takes to resolve a malpractice claim represents a significant stress on physicians, patients, as well as the legal system as a whole.
Remember a couple weeks ago, when Twitter changed its policy regarding how it blocks tweets in response to legal rulings, and the whole internet went crazy, accusing the microblogging platform of censorship and social malpractice?
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